Thursday, January 28, 2010

Ford on Cruise Control at 120 MPH (F)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Ford Motor Co. (NYSE: F) is seeing huge volume after the only remaining public US auto maker posted a full year profit for 2009.  That was unthinkable a year ago.  The shares are only up 2% at $11.80 as of 8:56 AM EST, but we have already seen 11.7 million shares trade hands.  Average volume is $97 million shares and the 52-week range is $1.50 to $12.14.  Keep in minds as far as the $12.00 handle… that price has not been seen since March 2005.


Flextronics Lags EMS Stocks (FLEX)

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Flextronics International Ltd. (NASDAQ: FLEX) closed at $7.10 but shares are down 3.8% at $6.83 on 98,065 shares of stock as of 8:43 AM EST.  This is effectively making the stock the worst reaction for the electronics manufacturing service or EMS stocks.  The earnings Were $0.17 EPS and $6.6 billion in revenues versus Thomson Reuters estimates of $0.15 EPS and $6.3 billion.  The guidance is the problem because other EMS  players have raised guidance: $0.13 to $0.16 EPS on $5.8 to $6.2 billion in revenues; Thomson Reuters estimates are $0.13 EPS and $5.8 billion.  Sometimes good isn’t good enough.

The 52-week trading range is $1.81 to $7.97 and average volume is over 8 million shares. Shares had been down 7% and the Needham upgrade to BUY is probably keeping this from being worse.